EAVEX Weekly

July 14, 2020

Ukrainian blue chips were mostly higher last week, with the recently-renewed UX index benchmark demonstrating a recovery of 2.0% to close at 1282 points on Jul 10 after a sharp drop seen over the preceding week. Quotes for CentrEnergo (CEEN) rebounded by 5.9% to UAH 5.40 on information that the country’s largest coal producer DTEK has offered the state company a reasonable-looking base coal price of UAH 1650 per tonne (USD 61/tonne). However, the two sides are still in talks regarding terms of payment and potential supply volumes. Raiffeisen Aval (BAVL) rose 3.9% to 33.25 kopecks while UkrNafta (UNAF) slipped by 1.3% to UAH 118 per share.